Yesterday, Medium CEO Ev Williams announced on Medium that his company will be through some major changes. First of all, they laid off 50 employees and closed their offices in New York and Washington D.C. Sad news for everyone affected. Second, Williams wrote that they were to take a long hard look at their business model – because they were basically becoming a traditional media company. The most interesting line in Williams’ post was this one though: “We believe people who write and share ideas should be rewarded on their ability to enlighten and inform, not simply their ability… This story continues at The Next WebOr just read more coverage about: Medium